ABN Amro Investment Solutions Acquires Shares of 261,086 Grab Holdings Limited $GRAB

ABN Amro Investment Solutions purchased a new position in shares of Grab Holdings Limited (NASDAQ:GRAB) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 261,086 shares of the company’s stock, valued at approximately $956,000.

Several other hedge funds and other institutional investors have also bought and sold shares of GRAB. Integrated Wealth Concepts LLC boosted its stake in shares of Grab by 201.2% in the first quarter. Integrated Wealth Concepts LLC now owns 35,386 shares of the company’s stock valued at $160,000 after buying an additional 23,639 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of Grab by 6.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 9,231,195 shares of the company’s stock valued at $41,817,000 after acquiring an additional 529,433 shares during the period. Empowered Funds LLC grew its holdings in shares of Grab by 6.2% during the 1st quarter. Empowered Funds LLC now owns 52,698 shares of the company’s stock worth $239,000 after purchasing an additional 3,090 shares in the last quarter. Focus Partners Wealth acquired a new stake in shares of Grab during the 1st quarter worth $63,000. Finally, Cetera Investment Advisers increased its position in shares of Grab by 11.7% in the second quarter. Cetera Investment Advisers now owns 106,710 shares of the company’s stock worth $537,000 after purchasing an additional 11,158 shares during the period. Institutional investors and hedge funds own 55.52% of the company’s stock.

Grab Stock Up 0.3%

Shares of GRAB opened at $3.31 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.65 and a current ratio of 1.67. Grab Holdings Limited has a 52 week low of $3.18 and a 52 week high of $6.62. The stock has a market capitalization of $13.56 billion, a price-to-earnings ratio of 331.33, a PEG ratio of 1.27 and a beta of 0.87. The stock has a fifty day moving average of $3.58 and a 200-day moving average of $3.90.

Grab (NASDAQ:GRAB) last issued its earnings results on Tuesday, May 5th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.03). Grab had a return on equity of 5.79% and a net margin of 10.67%.The firm had revenue of $955.00 million during the quarter, compared to analyst estimates of $921.71 million. As a group, sell-side analysts anticipate that Grab Holdings Limited will post 0.1 earnings per share for the current fiscal year.

Insider Transactions at Grab

In related news, CFO Peter Henry Oey sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $3.54, for a total value of $177,000.00. Following the completion of the transaction, the chief financial officer owned 7,000,165 shares in the company, valued at $24,780,584.10. This trade represents a 0.71% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Anthony Ping Yeow Tan sold 400,000 shares of the firm’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $3.51, for a total transaction of $1,404,000.00. Following the transaction, the chief executive officer directly owned 425,193 shares of the company’s stock, valued at $1,492,427.43. The trade was a 48.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 1,666,093 shares of company stock worth $6,083,321. 3.60% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

GRAB has been the topic of several recent analyst reports. Weiss Ratings raised shares of Grab from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, May 6th. Morgan Stanley reaffirmed an “overweight” rating and set a $6.25 price target on shares of Grab in a report on Tuesday, June 30th. China Renaissance upgraded shares of Grab from a “hold” rating to a “buy” rating and set a $5.00 price target on the stock in a research report on Wednesday, May 6th. Mizuho decreased their price objective on shares of Grab from $7.00 to $6.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 5th. Finally, Zacks Research upgraded shares of Grab from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 2nd. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $6.01.

Grab Company Profile

Grab Holdings Inc is a Singapore-based technology company that operates a consumer-facing “super app” across Southeast Asia offering services spanning ride-hailing, food and package delivery, and digital payments. Its platform connects consumers, drivers, merchants and delivery partners through mobile applications and supports on-demand mobility (taxi and private car), last-mile logistics, and on-demand food delivery under brands such as GrabFood and GrabExpress. The company has also developed a merchant-facing ecosystem that supports ordering, payment acceptance and loyalty functions.

Beyond transportation and delivery, Grab has expanded into financial services through Grab Financial Group, which provides digital payments via GrabPay, consumer lending, insurance distribution and small-business financial solutions.